This is ferro at his worst. [laughter] his cruelest. Thering mr. Betts into conversation this early, we say good morning on Bloomberg Radio in boston. The red sox, worst in the american league. And we move on from there. 15 days until the election. Schenker earlier, is there going to be a debate thursday night . Is that still up in the air . Jonathan we understand there will be a debate thursday night, but who knows . Thats the problem for this market. My question coming into this week is basically how much of the mediumterm outlook hinges on what happens in the next two weeks. How many of our Market Participants have come on this program and actually believe that . Tom we have two people could talking melt up. Ben laidler at our hudson and Chris Verrone at tower hudson, and Chris Verrone. He is looking at the number of stocks above their 200 Day Moving Average and other smoke and mirrors to really get him a bullish cast. You wonder if it is the markets expecting out into next year. Jo
1000 miles apart. Donald trump and joe biden fight for air in competing town halls. Americans had to the polls and 18 days. Boris johnson said to decide whether to ditch brexit trade talks. And daimler gets in gear. The carmaker reports a 3 billion 3 billion euro profit as cost cuts filter through. Just under an hour away from the start of cash trading. Car sales european out. They gained 1. 1 for the first nine months. Sales, upropean car for the first three quarters of the year. 1. 1 . Lets take a look at what is going on. European car registration, clearly 20 20 has been a tough year. One a look at what is going we have ftseutures filler cheers futures up 0. 8 . Tax futures gaining about 0. 5 . Futures the picture is more mixed. Showing a lot less sized. Futures are. Ractionally down futures flat. We have been more negative. Asian equity markets look seen looking mixed. Are we in a consolidation phase for setting ourselves up for some selling . You have the election coming. That is
Round two. Has admitted sachs its role, reaching multiple settlements. Aery lets get started with check of the markets. U. S. Futures coming online slightly higher. This after we saw u. S. Stocks gaining ground in the regular session. There was optimism for another round of stimulus ahead of the last president ial debate. , andht, banks rallied reached the highest since june Energy Shares rebounded with oil. We will check that shortly after. Small caps also gained around. We could take a look at the dollar right there. We saw again in the first time in five sessions. Check out oil right now. A flood at the moment at around 40 a barrel level. , also the latest sign of opecplus that they ford be restraining supply longer. We heard Vladimir Putin say that russia is able to put output further if needed. Haidi a thick a look at how we are setting up the asian session. There getting this out from u. S. Election. Greater volatility and portions playing out here. Take a look at nikkei futures.
Watch. Maria the bottom line is there is an expectation that he will regulate the industry, even if you do have fracking, put new rules and regulations to cause some of these companies to go out of business. Again, stone cold liar. We saw him say in the president ial debate i never im going to ban fracking, play the tape. And then you play the tape maria are you expecting Amy Coney Barrett to be confirmed before the election . We fully expect judge Coney Barrett will be confirmed. Shes an originalist textualist who we think is made in the likes of a judge scalia. Maria people want to change their vote if they voted early because now theyre understanding more about what hunter biden has been involved in. Look, the hard drive from hell is about joe biden. This shows you how joe bidens been compromised by the committee Chinese Communist party. Maria what about the suppression of this information, senator . We issued these subpoenas on october 1st before the New York Post story about the l
Says a 10 correction remains the most likely outcome in the nearterm. Joe, tell me whether you agree with this call he said last weeks failure to break through technical resistance for the second time suggests the correction is not over he expects softness past the election before the next leg of the bull market. Do you agree with that last monday we got up to 3,459 on an intraday high. The previous high was 3,588. The reason we pulled back is the absence of a stimulus deal the conditions are fully in place now to exceed that 3,588 high when you look at retail sales in the u. S. , when you think about the strength of chinese economic numbers, think about the fact that yesterday we had the single largest travel day for the Airline Industry in the united states. Clearly the conditions are in place. If i look within the markets itself, its just not technology on friday reaching 52week highs. Air freight logistics, construction and engineering the conditions are there its the absent of sti